Big money and Wall Street crooks want the market overall down 3-5% and want to short big names like GE etc, to get in at much lower costs, so they can greedily make even more money off the broken backs of GE, its workers, widows, orphans, retirees, and main street. Their greed knows no bounds. That is why they keep colluding to push out negative analyst reports, and negative articles saying GE needs to come down more in price. The big money backed ORCHESTRATED BEAR SHORT is alive and well until they meet their current levels of greed......
Yesterday Nike lost $4B in market cap based on an announced corporate decision. Yesterday and today GE market cap is down over $4B and not a word from the corporate office. Is there a CEO and leadership team? Where are they? Summer is over. Unbelievable the disconnect between GE management and the GE investor.
It would be important to know exactly who sold a significant block of stock at the open and why. Knowing the identity of the seller would explain their motive, if a serious attempt at manipulation is in progress and what the likely outcome will be for this stock. IMHO an investment bank is working in conjunction with a hedge fund to ultimately acquire a significant portion of GE stock. Once you control a significant percentage , you can usually control a board and do what you like with this behemoth. It is still undervalued and the sum of its parts exceeds its current sticker price.
Is UBS also one of the Market Makers for GE? Why would they downgrade GE with a target price of $13, when the stock was trading below that price on Tuesday?
What is the agenda behind JPM and now UBS bashing GE at these low price to book value, high yield (~4% dividend) levels after the stock has been thru relentless selling during the past 9 months? Who are they accumulating the shares for?
It is sad to see WS criminals trying to steal shares from the retailers (retirees, GE employees and pensioner households), by way of constant bashing and price MANIPULATION using HFT algo controlled trades
Wish SEC stood up to these criminals who ate trying to loot the retail investors!
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